Rosenberg Matthew Hamilton Has $158,000 Stake in General Electric (NYSE:GE)

Rosenberg Matthew Hamilton lifted its position in shares of General Electric (NYSE:GE) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 838 shares of the conglomerate’s stock after acquiring an additional 178 shares during the period. Rosenberg Matthew Hamilton’s holdings in General Electric were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GE. Studio Investment Management LLC lifted its stake in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric in the third quarter valued at about $27,000. MFA Wealth Advisors LLC bought a new position in General Electric in the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new position in General Electric during the second quarter worth about $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GE shares. Sanford C. Bernstein lifted their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, UBS Group increased their target price on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $200.93.

General Electric Stock Down 2.3 %

NYSE:GE traded down $4.01 on Thursday, hitting $170.63. The stock had a trading volume of 1,465,836 shares, compared to its average volume of 6,322,468. General Electric has a 1 year low of $84.66 and a 1 year high of $194.80. The firm’s fifty day simple moving average is $180.14 and its two-hundred day simple moving average is $168.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market cap of $184.67 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Analysts predict that General Electric will post 4.2 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. General Electric’s dividend payout ratio is 19.68%.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.